GVC Gets Go Ahead From New Jersey Regulators

European betting firm GVC Holdings has revealed that the New Jersey Division of Gaming Enforcement has completed its investigation of the group and that they will not need additional transactional waivers to conduct business in the Garden State.

GVC released a statement that noted that the Monitoring Agreement has been terminated by the DGE, and that any bwin licenses will remain valid under GVC's management. This will allow bwin to continue operating in the United States' most profitable online gambling market.

Commenting on the matter GVC CEO Kenneth Alexander said, "I am delighted the DGE has confirmed that GVC meets its stringent regulatory requirements and that Bwin.Party can continue to operate in New Jersey under its current licenses. This is an important development for GVC and one that places the enlarged Group in a strong position should further regulated opportunities in the US arise. GVC has licenses in over 14 countries and continues to seek further licenses in markets as the regulatory framework evolves."

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14 June 2016 - 11:02pm

It sounds like a great news for Bwin Party and the owners GVC Holdings, obviously this was very important decision for the company because of the significance of the US market.